Tata Car Lease

Tata Cars can be availed on lease for 1 year to 4 years from Revv Open through BankBazaar. You can get a Tata Tiago on lease at a starting price of Rs.16,000 for a 1-year lease period and Rs.12,700 for a 4-year lease period. The maximum lease amounts are Rs.17,300 and Rs.14,000 for a 1-year lease period and 4-year lease period respectively.

Features of Tata Car Lease

Here are the features of Tata car lease offered by BankBazaar:

• Zero down payment: The major highlight of the car lease schemes offered by Revv Open is that you need not make a down payment. Most lenders require you to make a down payment in case you want to take a car loan. In case of a car lease, however, you are not required to make a down payment.
• Car acquisition: Though you have taken the car on a lease, you have the option to take over ownership of the car if you love driving. Revv Open offers this to all new cars. The amount at which you can acquire it will be communicated to you in advance.
• Zero maintenance charges: Revv Open will take care of all maintenance services as well as charges. You need not worry about paying up for any maintenance issue or giving it for routine services.
• Flexible lease tenure: The car leasing company allows you to avail the car on lease for tenures starting from 1 year, going up to 4 years. You can choose the tenure as per your convenience and alter it as per your liking.
• No guarantor required: For a car loan, lenders usually ask individuals to provide the name of and details of a guarantor who is willing to repay the loan in case you are unable to. For car lease by Revv, you need not provide a guarantor.
• Cost-effective: Leasing a car is a cheaper alternative to taking a car loan. The monthly rental you have to pay towards your car is much lesser than the EMI you have to pay for a car loan.
• Doorstep services: Revv Open officials will pick the car from your doorstep in case a routine service has to be conducted.
• E-approval: Revv Open provides quick approvals for car lease applicant post the verification process. The approval is given online and the documentation process is carried out online.
• Fast response: Once you apply for car lease online, the executives will get back to you in 1 hour.
• Mobile application: You can use Revv’s mobile app to book the car or to request for services. The application makes it easy to raise and track requests.

Tata Car Lease – How it works

Leasing a car is as easy as leasing a home. Go through the pointers below to understand how car leasing works with Revv Open:

1. Choose the Tata Tiago as the car model you are looking to avail on lease.
2. Check if you are eligible to take the car on lease and book it.
3. Make the initial payment towards the lease. For a brand-new car, the initial payment is a refundable deposit plus the fee for the first month. In case of a used car, the fee is only Rs.2,000.
4. The car will be delivered to you and you can use it throughout the lease tenure.
5. At the end of the lease tenure, you will have to return the car. If you had booked a brand-new car, you can even acquire the car after completion of the lease tenure.

You will have to buy a car insurance policy for your Tata Tiago during the lease period. The company will not purchase, renew, or pay for the policy. You will have to bear the costs.

Eligibility Criteria for Tata Car Leasing

• The age range between which you can apply for the car lease is 21 years to 40 years.
• A valid driving licence is a must.
• For salaried individuals, the gross monthly salary plus average monthly incentive should be greater than Rs.40,000.

• For self-employed individuals, the gross monthly salary should be greater than Rs.60,000.
• If you have moved to a rented house, you should have resided in the house for at least 3 months at the time of application.
• You must be a resident of the cities mentioned below because these are the cities where Revv offers its services:
• Bengaluru
• Pune
• Chandigarh
• Mysuru
• Vizag
• Hyderabad
• Tirupati
• Jaipur
• Mumbai
• Mangalore
• Vijaywada
• Ahmedabad
• Kochi
• Kolkata
• Delhi
• Trivandrum
• Surat

Documents Required

The list of documents required to apply for the care lease are as follows:

• KYC documents – Proof of address, driving licence, and PAN
• Bank statement
• Income proof
• One photograph

Tata Car Lease FAQs

1. Can I return my Tata Tiago before completion of the lease period?

Yes, you can choose to shorten the lease period in case you no longer wish to drive the car. You will have to pay the necessary charges as levied by the leasing company.

2. Will there be an issue if I install accessories to my Tata Tiago?

No, you can add accessories as you wish. You will have to bear the cost of the accessory plus the cost of installing it. When you return the car, you can remove the accessory from the car and keep it with you. However, you should ensure that removing the accessory does not cause any damage to the car.

3. Which Tata Tiago colour can I get on lease?

If you opt for an unboxed car, you will have to choose the colour of the Tata Tiago depending on the availability. In case of a brand new car, on the other hand, you can place the order depending on the availability of colours at Tata dealerships.

4. Is there a mileage limit on the car?

Yes, there is a mileage limit of 25,000 km per year on cars that you lease from Revv. If you exceed this limit, you will have to pay extra fees on a quarterly basis. Alternatively, you can pre-book extra mileage at the time of application at a 30% discount.

5. Can I share my Tata Tiago with a friend?

Yes, you can share your car with friends and family as you would share your own car. However, you should note that you will be liable for any damages that occur to the car even if you weren’t driving the car yourself. Also, you cannot use the car for any commercial purposes.